Mahindra Lifespace Developers (MLDL) has been selected as the preferred development partner for a major residential redevelopment project in Matunga, Mumbai. The project spans approximately 1.53 acres, with a gross development value of around Rs 1,010 crore. Commenting on the new mandate, Vimalendra Singh, Chief Business Officer � Residential, Mahindra Lifespace Developers Ltd., said: �This mandate is a strong endorsement of the trust communities place in Mahindra Lifespaces to deliver redevelopment that genuinely uplifts neighbourhoods. Matunga is a well established and highly valued neighbourhood, and this redevelopment allows us to contribute thoughtfully to its next chapter with homes designed for modern lifestyles. We look forward to setting a new benchmark for community-centric redevelopment in Mumbai.With this addition, Mahindra Lifespaces continues to strengthen its presence in Mumbai`s redevelopment landscape, further expanding its footprint in established city micro-markets.Powered by Capital Market - Live News

Mahindra Lifespace Developers (MLDL), subsidiary of the Mahindra & Mahindra has executed a Share Purchase Agreement (SPA) with Actis Mahi Holdings (Singapore) (AMHSPL) and Mahindra Homes (MHPL), and completed the acquisition of the entire stake held by AMHSPL in MHPL. Upon completion of this transaction by MLDL, MHPL would become a wholly owned subsidiary of MLDL and in turn a step-down subsidiary of Mahindra & Mahindra. Powered by Capital Market - Live News

Net profit of Mahindra Lifespace Developers reported to Rs 47.90 crore in the quarter ended September 2025 as against net loss of Rs 14.02 crore during the previous quarter ended September 2024. Sales rose 130.75% to Rs 17.56 crore in the quarter ended September 2025 as against Rs 7.61 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales17.567.61 131 OPM %-298.80-626.94 - PBDT57.25-9.99 LP PBT50.74-13.99 LP NP47.90-14.02 LP Powered by Capital Market - Live News

Mahindra Lifespace Developers will hold a meeting of the Board of Directors of the Company on 31 October 2025.Powered by Capital Market - Live News

Mahindra Lifespace Developers announced that it has been selected as the preferred partner for the redevelopment of four residential societies in Malad (West), one of Mumbai`s established suburban neighbourhoods. Spread across approximately 1.65 acres, the project offers a development potential of Rs ~800 crore.The project is located close to Mahindra Lifespaces` ongoing redevelopment project, Mahindra Codename64, strengthening presence in the micro-market. Located just 2.6 km from the Western Express Highway, the project offers excellent connectivity to key parts of Mumbai via multiple transport modes. It is conveniently situated less than 1 km from Malad West Metro Station and around 1.5 km from Malad Railway Station. The location`s proximity to prominent business hubs such as Mindspace, Malad and Bandra Kurla Complex (BKC) further enhances its appeal.Powered by Capital Market - Live News